Tag Archives: China

US equities experienced a significant rally today, with major indices reaching multi-week highs. This bullish sentiment stems from a combination of factors, primarily the temporary easing of trade tensions and a decline in Treasury yields.Easing Tariff Concerns:The market experienced a wave of relief following the President’s decision not to immediately …

Even with the imminent threat of new tariffs that has taken center stage for Canada, China and even the US allies in the Eurozone, the stock market has not yet seen significant volatility. There is likely still some hope that extreme measures like a 25% tariff on imports from Mexico …

Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …

Freight rates for supertankers have soared following the latest U.S. sanctions targeting Russia’s oil exports. These measures have driven traders to secure alternative shipping routes and vessels to deliver crude supplies to major buyers such as China and India, industry sources reported. Key Drivers of Freight Rate Increases Sanctions on …

Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and a member of the American Association of Technical Analysts, highlighted that markets are closely. Q: Let’s start with gold prices, which recorded significant gains over the past year. Do current conditions …

Oil prices concluded 2024 with a second consecutive year of losses, despite a modest increase on Tuesday. While Brent crude futures and US West Texas Intermediate (WTI) crude saw slight gains, they remain below their year-end 2023 levels, indicating a subdued market.The subdued price environment reflects a confluence of factors. …

China’s GDP is projected to grow by approximately 5% in 2024, aligning with the government’s formal growth target, according to President Xi Jinping. This reinforces confidence in the resilience of the world’s second-largest economy despite a year of economic uncertainty. Stability Amid Challenges: Speaking at a New Year event, Xi …

Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards by 2.7% to 129.4 trillion yuan ($17.73 trillion), reflecting updated data from the fifth national economic census. Growth Target for 2023: Policy measures implemented late in the year helped set the economy on track to …

Oil prices edged higher on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve meeting, where a widely expected interest rate cut could signal further monetary easing for 2025. Brent crude climbed by 32 cents, or 0.44%, reaching $73.51 a barrel by early morning, while U.S. West Texas …

Oil prices plunged to a one-week low on Tuesday, driven by concerns over weakening global economic conditions and the anticipation of a U.S. Federal Reserve interest rate cut. WTI crude oil is 1.44% down, trading at $69.66 per barrel, while Brent crude is 1.07% down, trading at $73.08 per barrel. …